Labor

Summary: Leshi Internet Information & Technology Corp. (300104.SZ) will reportedly lay off 10% of its employees, according to Sohu The company currently has more than 8,000 employees. Why It Matters: Leshi has been aggressively expanding its business [ … ]

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Summary: Taiwanese cellphone chip manufacturer MediaTek (2454.TW) will reportedly layoff 600-900 employees who rank in the bottom 5%-7% in terms of performance, according to Tencent. MediaTek has denied this news and claims the number of layoffs will [ … ]

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Summary: Sohu.com’s (SOHU) CEO Charles Zhang says the company has laid off 2,000 employees, or 13% of its total work force, according to Techweb. Zhang revealed that of the 2,000 employees laid off, 1,000 came from its [ … ]